Genpact and iContracts Serve Life Science Industry with an All-Inclusive Contract Mangament Platform

By CIOReview | Monday, January 18, 2016
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FREMONT, CA: The life sciences market often involves an unwieldy collection of spreadsheets, customer applications, cluttered filing cabinets and scattered electronic directories. Organizing them increases cost and wastes professionals’ valuable time. Genpact intervenes the scenario, together with iContracts to provide an innovative operating model. The model combines Genpact's Lean Digital approach with iContracts' commercial contracting platform to frame a single platform for all contract management processes that streamlines operations and the Business Process Outsourcing (BPO) environment.

Genpact is a global provider of digitally-powered business process management and services whereas, iContracts builds cloud-based contract management and compliance system.

Genpact now facilitates iContracts to manage critical contracts and related process with reduced costs, optimized revenue and ensure compliance stated A. Leigh Powell, CEO, iContracts.

The solution offers access to cutting-edge digital technologies, analytics, and a vast resource of professionals with deep process expertise and domain knowledge in a cost-effective way. The joint offering enables optimal contract management operations with up to 100 percent timeliness and accuracy and maximum of 60 percent reduced operational costs.

B.K. Kalra, Senior VP and Business Leader, Consumer Goods, Retail and Life Sciences at Genpact said, "By leveraging Genpact's Lean Digital approach and expertise working with top tier life sciences companies with iContracts' leading cloud platform, clients can completely re-architect their middle and back office contract management processes to align to their business outcomes."